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20130313
20130321
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KRCB (PBS) 22
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English 21
Search Results 0 to 21 of about 22 (some duplicates have been removed)
PBS
Mar 18, 2013 4:30pm PDT
money from the depositors. cyprus has an economy the size of vermont but the assets eight times more than the country's gdp. therein the financial woes come as no surprise to analysts. listen to what alan greenspan said friday. >> europe has been hanging over the american markets for quite a while. the removal of that risk, i think temporarily, i think it is only temporary, has enabled the underlying forces of the market to begin to come into vision. >> and today, the clearer vision that greenspan referred to was clouded the cyprus, we have the report by cyprus matters. >> reporter: cyprus is a smaller island with a smaller economy. but now they're watching what happens in the tiny mediterranean nation. >> it's a tiny nation. the reason we care about it is of course cyprus like it was in greece. it's what it means for the bigger nations if they follow and go down the same bath. >> banking is a huge part of cyprus' economy. and it's a mess. if it fails the country will probably fail, too and the european union will not let the country fail. here's the thing, the biggest payers are the
PBS
Mar 19, 2013 11:00pm PDT
in a big way on greek debt. they facing big losses and these banks are big relative to the economy. the economy needs financial assistance from the outside from the european union and i'm afraid the people running the ow presumably th rmanin the first instance have decided greek depositors should take a hit. the way that played out at least over the weekend was all depositors would take a hit of some kind no matter how small their deposit. it sales to be now an attempt to back away from that and focus on people with deposits over 100,000 euros targeting in part russians who hold a large amounts of money, claims on those cyprian banks. >> rose: when that happened what was the talk in the financial community cing you com a couple quotes one from dennis gotman the binging has been shaken to its roots. the banking depends on trust. he wrote a note to his clients trust that has now been shattered, broken and destroyed. jim o'neal at goldman sachs says astonishing with very little thought of containing. >> bailout 101 is you want to keep the money in the banks. you want to avoid a run o
PBS
Mar 20, 2013 4:30pm PDT
, tyler, all about the federal reserve and the economy. >> and cyprus in there for good measure. it was a very busy news day. we're here to tell you all about it. the federal reserve did it again. says it's going to keep ierest rates where they are, near 0%. and it also says it's going to keep up its bond-buying program. the markets like what they heard from the fed along with a pledge from the new head of japan central bank about its own bold, easing measures to be unvailed on thursday. as a result, stocks moved higher here about. the dow touching an all-time intraday high. the blue chips did close 56 higher. nasdaq up by 25 and the s&p 500 se f the rst time in four sessions adding 10 points and taking us to within a few of an all-time high. steve leaseman tells us where we go from here. >> the federal reserve voting 11 to 1 to keep its policy in place and purchasing $85 billion a month in treasury and mortgage-backed securities in an effort to drive down long-term interest rates. but the federal reserve chairman in the press conference after the statement came out, suggested t
PBS
Mar 14, 2013 4:30pm PDT
jack lew weighs in on the markets and the american economy. his interview just ahead. >>> and the tsa under fire. the growing backlash over knives on planes. what every traveler needs to know. good evening, everyone, and welcome to our public television viewers. suzy, the market beat goes on and on. >> it's like the energizer bunny. it just keeps going and going. the dow marches on higher for the tenth day in a row, the first time since 1997 -- 1996. it ended at 14,539. the nasdaq added 14 and the broader s&p 500 gained almost 9 points, and it's now just 2 points away from its own record high close. >>> there is some concern that the rise in the markets may have been too high too fast. and this could be the start of a market bubble. butewly installed treasury secretary jack lew tells steve liesman not so. >> the analysis i've seen doesn't give me reason to be worried right now. >> we'll have more of steve's interview with the treasury secretary in just a few minutes. >>> as the dow hits unprecedenteded heights and the s&p 500 nears its own peak tantalizingly close to it, there's a bat
PBS
Mar 15, 2013 4:30pm PDT
tryg to time thearke gyrations. >> overall you think the stronger than expected economy is what is going to power the market to higher levels, to that 1700 that you see in the s&p 500. but which specific sectors of the market do you think will lead the way? >> well, i like most of the cyclicals better than the defensive stocks, tyler. i think as the market keeps going higher, more and more people are underallocated to economic sensitivity. so i really like the manufacturing stocks, the industrials, and the basic materials. i think the financial stocks ve done well and wil coinue to dwe. an i would look at trying to put a little bit into technology stocks that have been really bad for the last year. i think i'm seeing confidence in ceos rise and capital spending going up, and i think that sector could come to life yet in the second half of this year. >> jim, as you know, federal reserve policymakers are meeting on tuesday. do you -- nobody is really expecting any significant change in policy. but do you expect any change in tone and conversation? and how might that impact investo
PBS
Mar 19, 2013 4:30pm PDT
's iconic brands think of the economy and the american consumer? susie sits down with the top man at coca-cola. all that and more coming up right now on "nbr." good evening and welcome to our public television viewers. susie, once again, little cyprus making big economic noise today. >> you're right, tyler. actually a big win for citizens in cyprus. lawmakers rejected today an unpopular and unprecented proposal to tax bank deposits. it was part of a larger eurozone bailout plan to rescue those banks and keep the nation solvent. the crucial vote came after a wave of protests, and as cypr t cypriots scrambled to withdraw cash from their atms. bertha coombs joins us with more on today's historic vote and what's ahead for cyprus? >> what's ahead is a very big question. the world was watching the tiny island nation again today, in a show of hands-on opposition, party members voted no on a tax and 10% of bank deposits, a condition set by eurozone officials to secure 10 billion euro bailout. many called it extortion. ruling party members abstained saying beyond saying no they need to find anoth
PBS
Mar 14, 2013 5:30pm PDT
for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and friends of the newshour. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to yo pbs station froviewers like you thank yo >> woodruff: china officially installed its new leader today. xi jinping took the final step in affirming his status, adding the post of president to his other positions of power. the delegates arriving at beijing's great hall of the people had been carefully selected. and once inside, they did just as expected, formally electing xi jinping as president. ( applause ) he was the only candidate, and won 2,952 votes. a lone delegate voted no, and three abstained. >> ( translated ): it meets the popular expectations, and it meets the expectations of the chinese people and t
PBS
Mar 17, 2013 9:00am PDT
anything about climate change that the experts are urging us to do and keep our economy growing. what's the argument to respond to that? >> well, i'll tell you, that is a myth. it's a false choice. it's a zero sum game. you either can grow the economy or u caprott the environment, okay? so i changed the question, and i've been doing this now for several years. i said, okay, here's the question: do you believe that protecting the environment harms the economy and costs jobs, has no impact on the economy or jobs, or actually grows the economy and improves jobs? okay? and what do we find? an overwhelming majority of americans, and i'm talking like two-thirds of americans, say that it either has no impact or it actually improves the economy. in fact, that's the most frequently chosen answer is that most americans don't see this as an inherent contradiction. >> what you're saying is that a big powerful industry controls or affects the outcomes of perception in this country disproportionately to what most people think? >> that's right. and, in part, they're able to do that because this issu
PBS
Mar 15, 2013 5:30pm PDT
impinging on the economy. you keep hearing the economy is ready to take off. if we can get the government out of the way for a couple years we can get some really nice growth and that will change things up and i think they are sceeding in denuclearizing our conflicts. no fiscal cliffs, no debt defaults. let the economy grow for a change. >> woodruff: what are you hearing. >> the government has to get out of the way, i love that. that's a great one after what we've been through in this country with absolutely no control. and we just learned again this week that the bank's too big to fail, too big to be reprimanded, controlled by the federal government. but i'd say this, judy. there's an old line in politics you dance with the girl who -- barack obama didn't do that. for the past seven years he's gone into hundreds if not thousands of rooms, people with large egos, people with great accomplishments, people who are great skeptical toward him and he went in and he charmed them to the point not only they supported m they wrote checks for him. he comes to washington and that stopped. he never
PBS
Mar 18, 2013 5:30pm PDT
newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: today's supreme court arguments pitted a national law against a 2004 arizona voter registration bill. the case explores the extent of state powers against the controversial backdrop of voting restrictions. arizona's proposition 200 requires state residents to provide either a driver's license, passport, birth certificate or physical proof of citizenship before they can vote. but an existing federal law requires only a sworn statement of citizenship on a voter registration form. supporters say the arizona measure cuts down on voter fraud by keeping noncitizens from voting. but opponents argue the la
PBS
Mar 13, 2013 4:30pm PDT
for this spring. >>> chief executives of some of america's biggest companies are optimistic about the u.s. economy, expecting it to grow more than 2% this year. the business roundtable is out with its latest ceo economic outlook index. it rose to a score of 81 in march. now, that was much higher than the previous reading of 65 back in december. anything above the score of 50 indicates economic expansion. another positive, the survey was taken even before the recen run-up in the stock market. now, 72% of those ceos surveyed expect their company sales to rise in the next six months. 38% plan to boost capital spending in that same period, but only 29% of them hire more workers over the next six months. >>> if you're thinking of making new investments, here's your chance to get into the exclusive world of private equity. carlisle group is letting in newer investors by sharply lowering the minimum amount of money needed to get in. while many investors love the ideaf investing with the big boys, we are warned buyer beware. >> admission into wall street's inner circle has long been expensive. if you didn
PBS
Mar 12, 2013 5:30pm PDT
's newshour. >> major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: the latest fiscal fight in congress formally began today, the process of trying to adopt a budget for the fiscal year that begins in october. house republicans went first; senate democrats go tomorrow. neither side is likely to win many converts across the aisle, but for now, it's all about spelling out political differences. newshour congressional correspondent kwame holman begins our coverage. >> we believe that we owe the american people a balanced budget. for the third straight year we've delivered. in fact we balanced this budget in just ten years. >> reporter: as h
PBS
Mar 12, 2013 5:00pm PDT
. concerns of debt and budget issues of weaker eurozone economies linger in the background there. a lot of focus how the yen is trading. a little bit of mixed or lackluster trading as we s in the u.s. markets with dow in positive and nasdaq in the negative. here, we're seeing topics slightly in the positive and nikkei slightly in the negative. >> i know you will keep us on track of gains and loss. thanks so much, as always, from the tokyo stock exchange. >>> japanese workers have something to look forward to this year. likely to lift bonuses as the stock market raises. and a request for highe wages to help bring deflation to an end. executives at autos and electronics makers are bowing to labor union demands. this comes as part of the annual wage negotiations. toyota managers say they'll meet the union requirements offering bonuses worth five months salary plus $3,000, the highest since the 2008 financial crisis and maintain regular wage hikes based on seniority and age. and hitachi and toshiba will also likely keep seniority based raises. some retailers will increase wages with the con
PBS
Mar 20, 2013 5:00pm PDT
. they will continue to support the gradual recovery in the economy until there's clear sign of improvement. the decision was made at a two-day policy meeting that ended on wednesday. they said the u.s. committee is growing moderately. they pointed to continued improvement in the housing market and a rise in household spending and corporate capital investment. the unemployment rate remains high at the upper 7% level. they warned against a fiscal policy stemming from mandatory stemming cuts. fed officials say the bank will continue to eject funds into the market giving these challenges. they are doing this by buying $85 billion worth of mortgage backed security and long term government bonds each month. they will maintain a near 0% interest rate policy. some federal reserve officials have expressed concern. that month of asset purchases could disrupt markets and bring about higher prices. in a news conference about the second day of the policy board meeting ben bernanke said those risks can be contained. >> the committee considered risks toinancial stability. it will lead some to take on exc
PBS
Mar 18, 2013 11:00pm PDT
a diplomatic negotiated settlement on the enrichment question. if we can't economy commitment and assurance which i've made publicly to the american people and to you privately that all options remain on the table, including the prospect which the president, charlie, does not want to do of unilaterally using military force to deal with iran's putative nuclear program. >> rose: so therefore the question is do you have any reason to doubt the president that he believes all other options have failed and iran is about to a year from now get a nuclear weapon and the ability to deliver it that he would not act? plunging markets notwithstanding the >> rising oil prices, a threat to american economic recovery, a generational war with iranians, all of that notwithstanding i believe that if it's unmistakably clear and this that the iranians are breaking out to acquire aweapon that this president will, in fact, use military force. it's not my preferreded option. it clouds the whole option of what the end state would be but i believe, yes he will use military force. >> rose: you agree? >> i think so, t
PBS
Mar 17, 2013 8:30am PDT
, but also the economy. we're also concerned about the economic situation of latinos-- how are they doing in the recovery, how are households doing with regards to accumulation of wealth, how are they doing with regards to unemployment? so all these are things that we want to continue to tell the story of the latino community in many different respects, but of course we want it to be timely and relevant. >> hinojosa: all right, so you're also gearing up for politics. that's going to be happening a lot, coming up soon. so what's the sense of what's happening with the latino electorate? is there a broad concern... and the concern would be, will latinos actually be enthusiastic enough for either party to come out and vote? and has something really happened with the latino voter where immigration now is in fact the number one issue? are those two things happening at the same time? >> they are happening at the same time. but let's get some facts on the table about the latino electorate. in 2010 there were 21 million... more than 21 million latinos who were eligible to vote. what i mean by that
PBS
Mar 13, 2013 5:30pm PDT
our economy for 160 years. bnsf, the engine that connects us. >> and with the ongoing support of these institutions and >> support also comes from carnegie corporation of new york, a foundation created to do what andrew carnegie called "real and permanent good." celebrating 100 years of philanthropy at carnegie.org. >> and with the ongoing support of these institutions and foundations. a... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. captioning sponsored by macneil/lehrer productions captioned by media access group at wgbh access.wgbh.org
PBS
Mar 19, 2013 5:30pm PDT
newshour has been provided by: moving o economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possibley the corporatiofor public badcastin and by contributions to your pbs station from viewers like you. thank you. >> woodruff: a decade after the iraq war began, the violence has not abated. today was the bloodiest day this year, as insurgents staged multiple attacks. a high-level minister was assassinated and dozens more died. a warning: our story contains some graphic images. thick, black smoke rose above the sadr city district in baghdad, where a car bomb went off today, in one of several coordinated attacks to rock the iraqi capital. 65 people were killed and more than 100 wounded. in another instance, an explosion ripped through a popular market near baghdad's fortified green zone. >> there is a checkpoint at the main gate, but it i
PBS
Mar 14, 2013 5:00pm PDT
decides to take part, what would be the impact on i wants economy. there are advantages and disadvantages. here are some of the major issues. u.s. tariffs are 5% for testi televisions and 2.5% for cars. it could enable japanese makers to sell them cheaper. more exports will help create more jobs in japan. the government estimates the real gross domestic product will grow about $33 billion. that's an extra growth of 0.06%. japan imposes import if tariffs are abolished the total production would be cut by $31 billion. that's a 40% drop from the current output. now let's get a check on the markets. the dow jones is higher for a tenth day. it rose about 0.06% to 14,539 posting another record high. investors continue to see a rosier picture for the world's largest economy. to see how stocks are performing this friday we're going to switch over to ramin. the positive momentum just continues in the u.s. and the nikkei also saw gains yesterday. is that continuing this frid it was at ar and the euro are coming back a little bit. there were concerns regarding the euro yen about italy's finances and
PBS
Mar 13, 2013 6:30pm PDT
officer at mandiant. >> susie: one bright spot in the lackluster economy has been auto sales. demand for new cars and trucks, and auto loans has been strengthening. that demand holds the potential for more jobs in the auto sector. ruben ramirez reports. >> reporter: the u.s. auto industry has undergone a major transformation over the last 13 years. at its peak in june of 2000 it employed 300,000 people. that bottomed in january of '09 at 122,000. over the past four years, automakers have added 50,000 jobs. analysts point out that for each of those jobs assembling cars in the u.s., they support nine others along the supply chain. >> the auto industry taking a lead and adding jobs is a good thing. >> reporter: while it will take a lot more for the industry to return to the level seen in the year 2000, automakers are adding to their payrolls at a healthy pace. chrysler is expected to announce in coming weeks that it is also adding jobs to boost one of its facilities in indiana. general motors says it expects to d about 1,400 new jobs over the new few years. and, last month, ford announc
Search Results 0 to 21 of about 22 (some duplicates have been removed)